The Inflation Tea Leaves?
What story is the market telling us? The stock market rallied on the Fed rate cut of half-a-point. So far, so good.
But bond investors aren’t happy. Long-term bond yields, as well as the rate on fixed-rate mortgages, rose on inflation worries following the Fed easing. Similarly, the dollar spiraled lower and the price of gold is up.
One of these markets is wrong about the outlook for inflation. But which one?
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.